Alpadis acquires Labuan trust business from KPMG

KPMG has sold its Labuan-based trust company to Alpadis Group, with the with Switzerland-headquartered  fiduciary services provider Alpadis taking over the client portfolio and staff. The accounting firm - one of the Big Four - has been providing corporate services and tax advisory for over 20 years in Labuan, a Malaysian territory that is being developed into an international financial centre by the government. "We are a fast-growing group operating in a complex regulatory environment,...